Get your PS3 warranty extended to 3 years as part of your overall subscription (requires you to keep your subscription active). The standard warranty on your PS3 is 1 year.

Access to Beta Games

Get access to Betas of popular games not yet released at retail (Betas offer bigger experiences than typical game demos). You will have the ability to play these games before others do.

Full Title Trial - 1st Hour Is Free

Download full versions of select Blu-ray and PSN game titles and have the chance to play the entire game (single or multiplayer) for free for the first hour. After that time you will have the option of purchasing the game to continue playing.

Token Wagering

Get a fixed number of tokens per month you can wager with other players in competitive online games. These tokens could then be built up and redeemed for free PlayStation Network games and other content.

User-to-User Challenges

Unlock developer-created challenges while playing games. Compete with your friends to see who can be the first to complete these challenges. The PS3 will automatically offer and track challenges and winners and would post results. An example of a challenge is 'first to get 10 trophies' in a particular game.

Free Access to PSOne Classics, PSP Minis and PS3/PSP Themes

Get a fixed number of PSOne Classic games, PSP Minis (bite-sized games), and PS3/PSP themes per month to keep for free for as long as you are a subscriber. The PlayStation Store offers these types of content for $2-6 each.

Discounts on Store Content

Get weekly member-exclusive discounts on specific games, game add-ons and themes on the PlayStation Store. Discounts may range from 20-50% off regular retail prices.

Member Only In-game Content

Get exclusive member-only in-game content for your PS3 or PSP such as new game play options, unlocked in-game weapons or player slots, exclusive levels, costumes/skins, and PlayStation Home spaces.

Cloud Storage Space for Games

Store your game saves on a virtual secure saver. This would allow you to access your game saves at any point in time, and from any PlayStation 3 or PSP console you are logged in on.
Automatic Downloads and Updates

Customize the types of updates you want your PS3 to download automatically. These include game updates (patches) for games that you own, firmware updates, and game demos downloaded on your PS3 without manually having to select them and wait for them to finish downloading. Your PS3 can be set to automatically turn on for updates and turn off after completion.

Loyalty Program Rewards

Get rewards the longer you are a subscriber and also earn rewards by engaging with PlayStation such as buying games, downloading movies, and rating products. Rewards can include full versions of PlayStation Network games and digital movie rentals from the PlayStation Store.

Facebook Connectivity

Access to member-exclusive Facebook features on your PlayStation 3, such as viewing and linking your Facebook accounts with their PSN ID's, updating your status, editing, uploading and sharing photos, and viewing photo albums of your friends on your TV.
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These are the ones I like. The token thing sounds a big crazy.

If I effectively saved the £50 over the course of a year on game discounts and stuff, thats worth it. You can see where the money goes then. PSone games would be awesome apart from the fact I'd probably be locked to the UK store.

The list reads like a quick reference sheet between levels of service for instance (silver,bronze, gold, diamond, etc.) under each column, there's a drop menu labelled 'choose one', but it's a great find anyway.

edit: There'd be concerns about gambling on a games console, and even the authenticity of the chips would need to be maintained and assured. You're right, it probably wouldn't work, their token idea.

Sounds good but that would mean 100 quid a year on 360 and PSN. Unlikely in my household. Although I probably spend more than that through one off PSN purchases. A free game freom a choice of two each month sounds good but what's the betting I already own most of the dross that will be put forward for this each month?

There has been nothing more frustrating in this generation than the decision by Sony and Nintendo to release the gimped PAL versions of their retro games. I assume there are licensing issues in play here but still. I get my ps1 games off the American store. I wonder if I would be able to sign up for their PSN+ service as well?